New York Local No. 7 wage & fringe bonds.
$2,000 flat.
An employer signatory to Mosaic, Terrazzo, and Mason Workers Local No. 7 can be required to post a $50,000 surety bond in favor of the union's wage and fringe-benefit funds, securing the wages and contributions owed on covered payroll. Ours is $2,000 flat. The application includes a credit consent, but it authorizes a soft pull only.
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How much does a New York Local No. 7 wage & fringe bond cost?
$2,000 at the $50,000 amount, the same for every applicant.
Three steps. One sitting.
A union wage and fringe-benefit bond like this is one of the simpler filings we issue. Here's the entire process:
Apply online
Business and ownership details, an effective date, and a credit consent that authorizes a soft pull only — that is the application.
Pay & e-sign
Union wage and fringe-benefit bonds at this amount are among the bond types that issue right after purchase. Issued when you pay. One soft credit pull, never a hard inquiry, and it never affects your score.
File with Local No. 7
Your executed bond and power of attorney arrive by email, ready to file with the Local No. 7 fund office. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Mosaic, Terrazzo, and Mason Workers Local No. 7 is a New York building-trades union in the tile, marble, terrazzo, and mason-work fields. Like many building-trades locals, it can require an employer that signs its collective bargaining agreement to keep a surety bond on file, securing the wages and fringe-benefit fund contributions — health, pension, annuity, and training — the employer owes on hours its members work.
It's a three-party arrangement: you (the principal, the signatory employer), the surety carrier, and Local No. 7 or its designated trust funds (the obligee), for the benefit of the covered employees whose wages and benefits the bond secures. If the employer falls behind on payroll or contributions the agreement requires, the union or fund can make a claim against the bond up to its $50,000 penal sum.
It is not insurance for you — if the surety pays a claim, you repay the surety. This bond is a condition the union sets under its own collective bargaining agreement, not a New York statute — confirm the exact amount, obligee name, and filing address with the Local No. 7 fund office before relying on this page alone.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $50,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with Local No. 7. Your executed bond and power of attorney arrive by email, ready to file with the Local No. 7 fund office. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $2,000 at the $50,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields — business and ownership details, an effective date, and a credit consent that authorizes a soft pull only.
Start the application →Common questions.
Other New York bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
File your Local No. 7 wage & fringe bond today.
$2,000 flat, soft pull only, bond often issued in the same sitting. Free until issued.